Massachusetts Financial Services Co. MA Has $2.01 Million Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Massachusetts Financial Services Co. MA decreased its position in Watts Water Technologies, Inc. (NYSE:WTS) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,888 shares of the technology company’s stock after selling 719 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Watts Water Technologies were worth $2,010,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Arizona State Retirement System increased its stake in Watts Water Technologies by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,950 shares of the technology company’s stock valued at $1,616,000 after buying an additional 56 shares during the last quarter. UMB Bank n.a. increased its position in shares of Watts Water Technologies by 59.8% in the fourth quarter. UMB Bank n.a. now owns 155 shares of the technology company’s stock valued at $32,000 after acquiring an additional 58 shares during the last quarter. Andina Capital Management LLC raised its holdings in Watts Water Technologies by 3.5% during the fourth quarter. Andina Capital Management LLC now owns 1,708 shares of the technology company’s stock worth $347,000 after acquiring an additional 58 shares in the last quarter. Empowered Funds LLC boosted its position in Watts Water Technologies by 3.8% during the fourth quarter. Empowered Funds LLC now owns 1,652 shares of the technology company’s stock valued at $336,000 after purchasing an additional 60 shares during the last quarter. Finally, M&T Bank Corp grew its stake in Watts Water Technologies by 3.4% in the third quarter. M&T Bank Corp now owns 2,272 shares of the technology company’s stock valued at $471,000 after purchasing an additional 74 shares in the last quarter. 95.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Watts Water Technologies in a research note on Tuesday, December 17th. They set a “hold” rating and a $240.00 price objective on the stock. The Goldman Sachs Group upped their price target on shares of Watts Water Technologies from $197.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus lifted their price objective on shares of Watts Water Technologies from $218.00 to $219.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $220.00.

Watts Water Technologies Price Performance

NYSE:WTS opened at $179.94 on Wednesday. The firm’s fifty day moving average price is $208.73 and its two-hundred day moving average price is $207.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.59 and a quick ratio of 1.65. The company has a market cap of $5.99 billion, a P/E ratio of 20.71, a P/E/G ratio of 3.42 and a beta of 0.95. Watts Water Technologies, Inc. has a one year low of $175.37 and a one year high of $232.60.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Monday, February 10th. The technology company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.14. Watts Water Technologies had a net margin of 12.93% and a return on equity of 18.08%. Equities analysts expect that Watts Water Technologies, Inc. will post 9.08 earnings per share for the current year.

Watts Water Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.96%. The ex-dividend date was Friday, February 28th. Watts Water Technologies’s payout ratio is 19.79%.

Insider Transactions at Watts Water Technologies

In related news, insider Elie Melhem sold 4,397 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $210.53, for a total value of $925,700.41. Following the completion of the sale, the insider now directly owns 10,469 shares in the company, valued at approximately $2,204,038.57. The trade was a 29.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

About Watts Water Technologies

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.